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You’ve worked hard all your life, so you deserve to enjoy yourself in retirement. However, when you live on a fixed income, it’s important to keep track of where every dollar is going and not spend money carelessly.

No matter how great your relationship is with your family, there are some topics you just don’t enjoy talking about with them. At the top of that list for many families is money.

Money is an inherently emotional topic, and when you layer in family dynamics, it’s easy for disagreements to get blown out of proportion when emotions take hold.

You’ve worked hard all your life, so you deserve to enjoy yourself in retirement. However, when you live on a fixed income, it’s important to keep track of where every dollar is going and not spend money carelessly.

You might call 2023 the year of uncertainty in personal finances. There are worries about a potential recession, inflation in the price of goods and services and questions about what the Federal Reserve will do with interest rates. Near-term performance of stocks, exchange-traded funds (ETFs) and fixed-income assets is foggy.

How do you manage your portfolios in response to the uncertainty? Consider dividend stocks. Dividends provide additional cash, and while the extra money doesn’t solve inflation’s impact entirely, it does make it less painful.

Although U.S. inflation slowed to 5% in March 2023, it’s still steady, and economists believe a recession is looming. If you’re in the midst of planning for retirement and managing your assets, these uncertain times could make you feel nervous about your security in the future.

You’ve worked hard all your life, so you deserve to enjoy yourself in retirement. However, when you live on a fixed income, it’s important to keep track of where every dollar is going and not spend money carelessly.

You’ve worked hard all your life, so you deserve to enjoy yourself in retirement. However, when you live on a fixed income, it’s important to keep track of where every dollar is going and not spend money carelessly.

If you have a 401(k) plan through your employer, the contributions are typically viewed as retirement savings. When markets and institutions falter, it’s natural to grow concerned over your nest egg. You may be wondering if your 401(k) funds are protected in a bank collapse. There are certain safeguards in place for these accounts, based on the types of investments you have and where you have them.

When considering how 401(k)s are impacted in a bank collapse, it can be helpful to know:

You’ve saved and saved your money to build a hefty retirement savings account. You’ve trusted your retirement investment manager to build those assets. Whether you’re an employee saving in the company’s 401(k) or a business owner saving in your own retirement savings vehicle, if you’ve got a competent provider and the discipline to save, you should enter retirement with substantial assets.

You don’t need to have a high income to start saving for retirement. There are effective ways for people with little money to begin to build wealth for the future.

Here’s how to invest for retirement with little money:

— Pay yourself first.

— Automate the process.

— Get a company match….